ECOPETROL S.A. | CIK:0001444406 | 3

  • Filed: 4/26/2018
  • Entity registrant name: ECOPETROL S.A. (CIK: 0001444406)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1444406/000114420418022451/0001144204-18-022451-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1444406/000114420418022451/ec-20171231.xml
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    • ifrs-full:DisclosureOfOtherAssetsExplanatory

    12.
    Other assets
     
    The balance as of December 31, 2017 and 2016 of other assets is comprised as follows:
     
     
     
    2017
     
    2016
     
    Current
     
     
     
     
     
     
     
    Partners in joint operations (1)
     
     
    583,656
     
     
    735,032
     
    Prepaid expenses
     
     
    115,866
     
     
    140,606
     
    Advanced payments to contractors and suppliers
     
     
    103,762
     
     
    151,871
     
    Related parties (Note 31)
     
     
    7,716
     
     
    7,135
     
    Other assets
     
     
    69,425
     
     
    988
     
     
     
     
    880,425
     
     
    1,035,632
     
    Non-current
     
     
     
     
     
     
     
    Abandonment and pension funds (2)
     
     
    323,621
     
     
    312,423
     
    Employee benefits
     
     
    202,012
     
     
    187,969
     
    Advanced payments and deposits
     
     
    74,225
     
     
    63,402
     
    Judicial deposits and attachments
     
     
    43,248
     
     
    140,338
     
    Trust funds
     
     
    32,748
     
     
    87,602
     
    Other assets
     
     
    5,155
     
     
    35,002
     
     
     
     
    681,009
     
     
    826,736
     
     
    (1)
    Corresponds to the net value of cash calls and cutbacks generated in relation to the operations carried out with partners through Exploration and Production (E&;P) contracts, Technical Evaluations (TEA) contracts and agreements entered in to with the National Hydrocarbons Agency (ANH), as well as through association contracts and other types of contracts.
     
    (2)
    Corresponds to Ecopetrol’s share in trusts established to support costs of abandonment of wells and dismantling of facilities as well as the payment of future retirement pensions in some association contracts.